Page 1 of 2 12 LastLast
Results 1 to 10 of 11

Thread: Stocks Drop Sharply Amid Uncertainty

  1. #1
    Tavern Bartender
    Constitutionalist
    American's Avatar
    Join Date
    Mar 2006
    Location
    Virginia
    Last Seen
    Today @ 12:03 PM
    Gender
    Lean
    Conservative
    Posts
    76,301

    Stocks Drop Sharply Amid Uncertainty

    Link

    CHRISTINE HAUSER
    Published: September 9, 2011
    Stocks on Wall Street declined sharply on Friday and bond prices soared after a speech by President Obama on jobs added to the uncertainty already weighing on financial markets over European sovereign debt and the weak economic recovery.
    In afternoon trading, the three main market indexes had fallen about 2 percent. The Standard & Poor’s index of 500 stocks and the Dow Jones industrial average were each down about 2.3 percent, and the Nasdaq composite index was down 1.9 percent.
    Stocks in the United States followed Europe, where the European Central Bank said Jürgen Stark, a German who sits on the executive board of the E.C.B. and is known as an opponent of the bank’s bond-buying program, will resign his post.
    This is a joke right? The day after Obama's glorious speech, no thread? Here let's talk about how much this speech helps the US.
    Last edited by American; 09-09-11 at 03:10 PM.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

  2. #2
    User
    Join Date
    Aug 2011
    Location
    Connecticut
    Last Seen
    09-12-11 @ 04:58 PM
    Gender
    Lean
    Very Conservative
    Posts
    54

    Re: Stocks Drop Sharply Amid Uncertainty

    Best investment advice i can give is to sell right before OBama makes a speech.

  3. #3
    Bring us a shrubbery!
    tessaesque's Avatar
    Join Date
    Apr 2011
    Location
    Plano, Texas
    Last Seen
    11-09-17 @ 06:18 PM
    Gender
    Lean
    Other
    Posts
    15,910

    Re: Stocks Drop Sharply Amid Uncertainty

    Government passes spending cuts bill: market tanks
    Unemployment doesn't increase: market tanks
    Companies show decent quarterly profits: market tanks
    Obama sneezes: market tanks

    Starting to think that the market is just playing a nice little game of "ahaha, screw you" with everybody's money.
    "Hmmm...Can't decide if I want to watch "Four Houses" or give myself an Icy Hot pee hole enema..." - Blake Shelton


  4. #4
    User
    Join Date
    Aug 2011
    Location
    Connecticut
    Last Seen
    09-12-11 @ 04:58 PM
    Gender
    Lean
    Very Conservative
    Posts
    54

    Re: Stocks Drop Sharply Amid Uncertainty

    Cant be everybody's, they dont have mine.

    When Obama got elected best advice i saw was to put 80% of you investments in Swiss and Canadian treasuries, and 20% in Gold.

    You do the math how did that advice pan out?

  5. #5
    Sage
    sangha's Avatar
    Join Date
    Jul 2011
    Location
    Lower Hudson Valley, NY
    Last Seen
    09-17-17 @ 05:48 PM
    Gender
    Lean
    Independent
    Posts
    59,990

    Re: Stocks Drop Sharply Amid Uncertainty

    Quote Originally Posted by American View Post
    Link



    This is a joke right? The day after Obama's glorious speech, no thread? Here let's talk about how much this speech helps the US.
    When did this time of mythical "certainty" exist, and what were they so certain of?

    The last thing they were certain of was "real estate always goes up in value"
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

  6. #6
    Sage
    Erod's Avatar
    Join Date
    Aug 2008
    Location
    North Texas
    Last Seen
    Today @ 06:54 PM
    Lean
    Conservative
    Posts
    13,067

    Re: Stocks Drop Sharply Amid Uncertainty

    Obama could be a hero if he'd shut up and lock himself in a closet for a year.

    When he stays away, the market trickles upward. The second he opens his mouth, it drops like a liberal's panties.

  7. #7
    Tavern Bartender
    Constitutionalist
    American's Avatar
    Join Date
    Mar 2006
    Location
    Virginia
    Last Seen
    Today @ 12:03 PM
    Gender
    Lean
    Conservative
    Posts
    76,301

    Re: Stocks Drop Sharply Amid Uncertainty

    Quote Originally Posted by Erod View Post
    Obama could be a hero if he'd shut up and lock himself in a closet for a year.

    When he stays away, the market trickles upward. The second he opens his mouth, it drops like a liberal's panties.
    That's kind of how the Conservatives feel about the govt in general.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

  8. #8
    Advisor nijato's Avatar
    Join Date
    Aug 2011
    Location
    Charm City, USA
    Last Seen
    01-19-12 @ 03:08 PM
    Gender
    Lean
    Libertarian - Left
    Posts
    417
    Blog Entries
    2
    I think the insolvency of euro soverigns and banks might be weighing a little more on the market than Obama's speech... can't blame everything on him.
    "A witty saying proves nothing." Voltaire

  9. #9
    Banned
    Join Date
    May 2011
    Location
    Where they have FOX on in bars and restaurants
    Last Seen
    09-14-14 @ 02:09 PM
    Gender
    Lean
    Independent
    Posts
    14,700

    Re: Stocks Drop Sharply Amid Uncertainty

    [QUOTE=nijato;1059788304]I think the insolvency of euro soverigns and banks might be weighing a little more on the market than Obama's speech... can't blame everything on him.[/QUOT

    Just a coincidence market tanks after obama speaks I'm sure .

  10. #10
    Sage
    AdamT's Avatar
    Join Date
    Jul 2011
    Last Seen
    02-13-13 @ 04:09 PM
    Gender
    Lean
    Undisclosed
    Posts
    17,773

    Re: Stocks Drop Sharply Amid Uncertainty

    The market was primarily responding to problems in Europe, as it has been for some months. The other major factor driving down the market was the Republicans' debt limit fiasco.

    Overall the market is still up signficantly since Obama has been in office, even with the recent drop. My personal portfolio is presently up about 26% on stocks purchased since May '09, which I will happily take (even though it was up over 50% a few months ago). How did the market do during Bush's presideny? It actually fell over Bush's eight years.

Page 1 of 2 12 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •